(A) Part III Schedule VI
(B) Part III Schedule V
(C) Part II Schedule VI
(D) Part I Schedule I
Tag: Financial Accounting Mcq
Which of the following is not a method of charging depreciation?
(A) Straight line Method
(B) Written down value Method
(C) Discounted present value Method
(D) Sum of digits Method
Provision is created for __.
(A) Unknown Liabilities
(B) Known Liabilities
(C) Creation of Secret Reserves
(D) All the Three
Which of the following is not a cause of difference in balance as per cash book and balance as per bank pass book__.
(A) Errors in cash book
(B) Errors in pass book
(C) Cheques deposited and cleared;
(D) Cheques issued but not presented for payment
Debit balance as per bank pass book mean __.
(A) Surplus cash
(B) Bank Overdraft
(C) Terms deposits with bank
(D) None of these
Benefits of preparing Bank Reconciliation Statement includes __.
(A) bring out any errors committed in preparation of Cash book / Bank Pass Book
(B) Highlights under delay in clearance of cheques deposited but not credited
(C) Help know actual bank balance
(D) All the three
Bank reconciliation statement is a part of __.
(A) Cash book
(B) Trial balance
(C) Auditors report
(D) None of these
Bank reconciliation is a statement prepared to reconcile__.
(A) Trial balance
(B) Cash book
(C) Bank A/c
(D) Cash as per cash book with bank balance as per bank pass book